HomeMy WebLinkAbout2404 . ~
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"Ihb lew alw oovas aod ~OdudM. ia ~dditbn to W~t above 3arcribed. all 1and. if aor. or ~dj~c.mt to or tL~ Lnd ~bow dacril+ed wd
3a c
1~1 ow~ned or eWmed 67 laaor hf timlbtlm. p~~p~, D~. rerenw,n or m+ecorded~ or (b) n to 6~s a~a~eon +it~ ol
acyuisiNoa. I,essor a~rees to eit-cvte anr snppiemm-
tal imtrumeat reVuested Iry lases for a mor~ ooopl~ts or ~c~wat~ daaiptla~ of ~id Pac ths Wr-
w~ ~~oooqin~ more or
I~au,~tbs ~~eaial~~e~[e i, ~~~L~ll d~d b~~ ~s tEereof~ l.e~ror ~caYVb tis
w•het6er ~c
}~onus ~nd aerees to acceP~ the dal~T rmhl ~s himD s~ ooosidentioos for thu le~ss aud d! ri=hb, ~nd optb~t heteueder.
2. Udes~ ioooer teemimted or 1uo[a+ ~ i~ fare nnder otLar pwisions hareof. tLL ]aw sL~ll ew~is io [wa tor a t~em a[ tm (101 7ean tmm the
date henof. L~itar nlld '~aut7 term . aed ~f Io~= t~re~fter ~s opemtior. ~f Laei~Rsr d~Yd. u~ ao~d~obd oD~ wd l~sd with m ceuation for
motE t~an nind7 (901 oOWOCtltit! dty!•
3. As roydt~r. lessee oovea~nb md a¢~: To detlv~r to tbe credit oE las~or. is t~ piy~ lios lo whi~ 1wM mq ooaoect ib rw1b. the eaud oae-
rigSlL part of al! oU pmdottd ~ad ~aved b~ lee~e~s Emm said land. or hom tiu~e to tims. u th~ optim of lssew topqr laro~r tLs ~reas~e Posted m~rtet price
~~f aucL oncei~btL pr+t of suc6 oil at the wdb ar o[ t6s dar it b nm to ths pipe lios or storate hekr. larwrs Ltaatt, fe ather cass, to be~r aoreiRAth
~~f t6e mat of treatins oil w eend~ it m~rkdabls pips 1'ms dl; lb) To par leesor a~~t andp~ W podoeed 6om s~id Led l11 ~rLs soW br leesee.
unebs6th o( tLe amamt +ealired bY lsaee. com at tbs montL of the wd~. oa (4) wLe~ u~ed lrses o~ s~id lud ar !o the m~na[eetnrs o[ tasoline ur
p~~ u
ut6n poducb.- ths markd ralwi, ~t tL~ mout6 oi ths well. of one-e~htL of sacL su ~od i~sj (o) To D~1 baor an all otLar mmenls mioed ~od
muteted or utllir4d br ldses hum t~id Lod. on?tmtL dt~a in kind or a~lue at tLs weU or miae ~t le:see s election. e~cept Wat a~ aulpbur winrci ~ml markNdl
the mratqr shall be ooe doWr 1i1.001 Pa too. If at tLe ~pir~tioa of tLe Rm~7 tem or st ae~ tia oc ~ tLenea[ter. thme it ~sr wrdi an uid land or
un lands witL wLich s~id land or ~ poitlo~ tLseof ~s bem poolsd, up~We d Prodoeins P~ or ~sy of~r mie~Al oovasd heesb7. ~nd ~ll sac~ ~elk are
st,ut-in. t~ lease sh~14 neve+tbc~leas. ooatiow in facs a~ tLouth oaratioos wees baioi oo~ductd oa nid 4od (ar ~0 1m[ v aid weUa ~rs sbot-is. ~ud
t6ere~ftar tLis lease maY bs ~usd ia fOiq Y if eo lhnt-is L~d oocvrrld. I.arses oo~~nb ~ad ~~es ~D me tea~aoaW! diti~eaos to Vroduce. ub"I~e. or
u~arket tLe minarals capabb of bains Rodoeed fiom s~id ~?dh. bat in ths eierdre af tac6~ce, ler~ sL~ll aot be oblif~bd to imtall o~ [n~nis? f~cilitles
oc6er cLan .roU f.ciliees and o.d~+r 1ew hc~is of 90~ lioa. and kae eaek. :od sLdl not b readrd 1o s~de Lbor aouble or w m.rket
K~s upm ternu unacnptable to lasee. If. ~t ~ eime or tima ~Etar~e~iratioa of tLsy~imu r teem. all rocL wdlf ~n a3~t-in Ior a period of ninetr mu-
sccutive da7s. ~nd dur~ such time ther~ ~re no opentioos m sa{d 1aod. tL~a at or befon tbs e~iration of aid doetf dt1 P~di lersee s6a11 Wr m
tcnder. br check or draEt of 1eses~ ~s roy~ltY. a sm eqn~l to tLe amamR of amwl delsr rmtalpeo ~ld~d for fn tLis lew. I.eqes mw n~ke L7ce p~rments
,.r tmdeis at or before t6e ead of dcL ~nmve~suy oF tLe e~ptra~tioo oE s~ld nineqr dar p~dod iE uDm we6 ami~asu7' t6is lede i~ beiole coatinYed
i in force folei~ b~ reason of the provisloos oE tLirp~y~, S~c6 sotL OaYmmt or ts~du shaU bs m~d~ to t6e parties ~rbo at t6e tm~e o/ Pa~ro~ent would
~ ~~e entitleYi to receive the mYSlda w1ticL ~rouW be paid ~mder thk eass if tLe were Pmdn~inL. aodmy bs dePodted iu a depotiton ¢ant Provided [o~
` t~elnw. No1Lin~ Le~ein s6~A imp~ir Imes's ri~4t Eo releate u po~ in D~~ ~5 6ereof. In eveat of wi~e~t ~ tiis le~re iu Ln6oN dr in P~t. Ii~Wlit7
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E kur payment 6ere~mder s6a11 re~t e:clnsivelT on t6e tbea owrner or ownen of leare, ~sr~~ n to ~c~sp o'~sd 67 «r~.
4. l.essee is herebr~ran ted tLe rijL~ at ib optioo, to pool or anitue all w any put oE said lud ~od of t6if leafe at to an7 or ell minerals o~ brxisw~s tlmrc-
~ under. with otLu laods. lease or leasea. w podbn or portiom thsreof. or minerd or 6orfson t6~+ood«'. ~o as W estaWi~L onib coe~nio~ mt mwe t~n 80
~urfrce rcccs duf 10'ir ~creaie tol~ p~a~rided, howerer. a unit maf be e~hbin6ed or ~a e~t~[ ~it raf be aoLipd ~o aoohm oot mae Waa 8r0
a.res plus IO:e ~crca6~ tolmnce. if ~mitizad udf a~ to ~as or m~1 as W It~s aod li4ufd 6~dmearboor (ooodeowte) whic6 an not • liqoid i ths su6aurface
reservoir. I( ~sr units are required. und~ ~n7~~ov~e~m~eotd role w order. for tLs ddllin[ or opar~t~on of a~all ~t • ie~alar locatlos. or (or ohtainioA
~ n,a:imum alluwabla [rom anr wdl to 6e d~led. d~iltini. m v+~+dr dn7led. ao~ sucb ~ mar bs «hblLAed m to ooofam to tL~ si~e ro4uired by
~ >u~•6 gu.eromental urder or rute. l.esses ehall aiaciss iaid~ as to eac6 desired mit b7 ~w~[ ~n ia~umeot~ iucL anit and 61iot it lor
record in t6e public offn~e in which this Icau is recorded. Each oE said optioo~ eur b~ wrdNd M k~ses from tLw to tjms. ~ed wL~th~r behxs eK aka
yr~~ducti~,n hu been ~tahl:shed dtD~ on aid Lod or oa tLe D~+~ o[ ~aid land induded is tL~ ~it or m other land ~d tbaa~kb ~ad ~o~ such aait
~ ~,~ay include aoy ~cell to t+t drilleJ. beinR drilled w alrcad7 completed_ A unit es4blished h~twmds sLtll b~ r~lid ~od ~leHw fot d) pnrpwe~ of tlts
2~•ase e~m tlausL tbem may be I~od or mioaral. ~orallr or leauhold intarasts in land witLin tht mit which us aot D~~ or aaYlsed. 1~a7 ~~tbes oaa-
~iu~tai „n anr Wrt of snc6 ankimd Lnd ilrll be oouddeed. Eot all WrDOw. ~x~'P~ ths p~Ym~ of op~ntio~ oooduded ~nder thi~ Icw. Tlrre
o~es
snall be .ll«~ated eo tLs i.od oovered br thif Iea~s i.duded ia aor sueb zmit tL.t propo,e~ of cLe wudnabn of anitl~ed minaab trom weW b? tLe
unit. ~ftrr deducting any used !n laue or ~mit opaatioo~. w6ich the uumber of swi~cs ~crs in tL~ I~od ao~ered b7 tLit le~~s iododed f~ tbe mk beao to t6e
~~~tal uumt,rr oi sueis.e acres in tbe uojt.~~oction so dlocated shall be comidered for dl fodtd'm~ t6s paro~oit or~v~r of mpaky. ove+*idiW[ F
c.:>'a1tY. sod any other prmeab ont of to be tbe mtiro poductbn oI uaitized miaaab~~tLe pottiou af said Yad oorered 6ereM aod fodudsd
~n cuch uuit in t6e suue mamer as tLua produced from aaid laod ander the terms of this leus. ~s owuer of tb~ revenim+f awate o( an~ tera~ ~oyaltr
.~r wineral estate ssrces that the accrual ~mrii4s W?suant tn this qr~~raph or of sLut-iara~
dtla~s bos a wdl on ttie ~mk i6~ll s~sfr aor limitatiaa of tam i
rrquiring productivo of oil o~~as 71u Eormstioo of siu6 unit shall ont have t6s aHeet of cLan~of tLs o~wnsa6iP of ~n7 d~a1 rwtd or shd-io prododion
M~
~oyalry ..6h6 may become pranle under d~b la?se. Neither shsll k impair t6e ri of laaee to role~ss Emm tM~ lane dl or mr portba of »id I~nd. etcept
thit Ic~see may aot so rcleaie as to lands ~ithin • unit while there ~re opera~ tAe+eoa Iot tmithed mlmrrL mlMS hc pooMd lwse~ aro releafed u to
S.~nda within tbe uait. l~ssee mar diswlre ~ny unit esiahlis6ed hereuoder M fi~ for recold is tbs puWic offfce wL~~ thb le~w is cecoedd a derlaratloo to
tlat dferct, iE at that 4me m operatiom atr baiot ooodneted theteos for onitvrd mioerals. Sus~~
.t to the pro~itions o( ~6n para~rapA a, a un~t w~ce
e-ttablis6ed hereunder :hall rem~in in to~ce so boR as ~ny Itase subiect tLerdo ~hal{ tcm~in ie fon~s. A im& mq be ~o stablisbed. moditied or disaoMed dorioR
the life o[ tLis lease.
5. If operadom ue not mndnctcd oa ~aid taod ~ or betore t6e ficst ~nniversar~ date Lereot. thb laaw sLd! t~mbab n to both Duties. ~mless lessee !
~n or betorc uid date sL~D. ~nbject to tL~ fa~r p~o~risioat brrot, par or teoder to lssor or to Iwor~ cr~dlt is tL~ ~m tOII B each Fi rs t
National Bank and Trust ~~t P. O. Drawer C, Bovnton Beach, Fla. 33435
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~ itrs~ sj..~cceswrs. w6ich thall ooatmue o tbe depository. ~e~ardiK+ o[ chao~es io awnenhip of delaf rcnW. +ofdties. or otLer awoeys. 1be wm o(
3..l.f-^`!:~ .rhic6 sLall opente as delay renW and oover tLe pr~~1e~e of drfenioi operatiaor fix oae 7~+ 6oe~ aaid date. In lik~
~ manner ~nd nyoo lik~ P~Y~~s u? ~ oper~tioo~ ma1 b~ [u~tL~ deE~cred Ior lt~e paiodr of ow 7~ McL dorL~ tL~ w~f t~no. If at ur time
ehat lessee pays or ~enden .fe~ay renul. tiea. w ot6er muoeys. two or more p~ctia ace. or daim to be. mtitled to recur~ aame. teasee msy. io lieu of ~nf
~ ~,tlur methaf ofpa y~ent herrin provided. p+r or teoJer suc6 rental. mralties or otLer mmeys. in tbe mamer herein spedfied. either joioUY b suc6 prrUd w
~.arstely to each m YKVfdY~C! wit6 their respedi~'e ownersLipa t6ereof, u jessce oay eled. Anp p~ymmt Lereundet iw7 ~ or dnft of lesse~t
~tPpositeJ in tbe mail or ~ItIIYK!'d IO IlttOf ~ w~ depositorY bank oa or befor~ tle !~t date Iar p~y_~t. S~id deLf rratal b~ aPVu+tiooabls at to
s,~;d land m~a acrcaRe basis. and • failore to mab y~op~r wro?eat or teoder of dela7 reotal ~s to ~07 va~ af aid L~d ~ d b~a~ ietwwt tLaem
shall ocu affect tLis lease ~s oo an~ oE aid I~nd or ~ eo anr iste~ast thaeia as !o whicti pvqr P~~eat ae tvdw b wd~. M 0~~~ ot hader
whic6 is made in aa ~ttempt to ~~~~per O~Y~1. bat w6icL i~ errmeous ia w6ole or in part as to p~rtkr. ~mo~mb. aa deDotitery. sb~U rvMbelw be
' suif~cimt to p~event tamfnatioa of tLif la~s~ ~sd to etmd tL~ t~s ~it6ie wLich~tfoes maT bs aoodoceed is tL~ sw~ d tLoa~ a p~~
ya~ent had been made: Drm~ided. hov?ever. leMS~ ~Aall carrect mcs er~or witLi~ tLi~ (301 dal~ ~ter fewe hd ncei~ed wrBtea sotice thereo( hae
~essor. Lessee ma~ at mr time md f+om tla b tlm~ eucut~ ~nd delf~er to l~ror or ffi~ for noord a relNre ar rdwrw of t~Y 4rs r to ~n1 V~ ar ~9
~ ~~f said land w of aar miaeral or horirna tsa~nmder. aod tberebl be reliered of dl oWlpdo~u a~ to th~ rele~~sd ~c~eap or idwrrt. If t~ leas~ b so n-
leaserl u to ~ll mineralf ~nd 6orimm uader ~ Dwtlo~ d said {~ed. tbs dela7 r~ohl ~sd otD~~p~~m[f?b oom in ~oooid~eo~ tLsewith ihd) tbete~~poe be
rrducld in tbO P~P~ th~t t6e ~Cfla~s fdMfld bEta to tL~ K7Mp w~C~ wtl COV'Q~d b'! isaf0 ~ P~~ eD ~oC~ i~1M~l:
~ H. If at any time or t~es durint the_..Qrima*7 te~ro~operatfooa are oooducted on afd l~od ~ad i[ all_ op~iom ~ di~ooetlswd. tL~ lsw s6a11 tbaa~?(ter
~ tr~miaate oa ib amivecsary d~te nat foiio~rms tL~ abetlet6 da> ~fter swi di~ooatioaaoo~ mbw aa or neeor~ sue6 ~oefnnu7 dab las~e eft6er (1) eaoduds
~ ~~peratioos or (21 commences or res~s t5e paymmt i+r tmdar a~ dehr reabl: p~orided, 6owe?s. ~ ac6 ~miwoarp date b~t tbs ~od o! thepnsury tam.
.~r i( thve b no Eurt6er anoi~sary dats of tbe tem t6is kass sL~ll te~minab ~t t6~ ~d oE ~oc` tw~ ar oa f6e tioetktD dar ~ft~r disnuntlnu~ace
~~f all open~tion~. vhicbevd is t6e Ltar dab. mfeu oo ~oeb ~ dats eitLer (1) Is~e~ b ooodadiK op~am~ or (41 t1s s6nt-fs w~tl povitioe~ af P~n-
KrapL ~ or the provitious af pan~ph 11 ~re appiic~hM. WLaoever asd ie t6is lew tL~ vpd "opMStloe~" sh~~ mum opatlioar fm ~~d ~07 oE tM (d-
t.~wias: drillint. testint. uomP~~L ~+~i. reoomD~etio~. d~eD~ain~. vlos p'~ b~c~ or repair4~s of ~ wdl ~ sea~c? for or ie ~n eadeawr to oEtais veo-
ductioo o( dl. s~. sulpbur or otLer mi~enY. amo~~ a mies. v*~ aF o~. W. ~otp~ or ofir mi~enl. w6~tLer ar aot !e D+7m~ 9~~des. -
T. Lesaee shall 6ave the ase. free frwn roYaltr, of water. otLer W~o f~om lmor~ wabr wdb. ~ed oE oU ud pf podueed froe tdd Lad i~ ~D op~[~tkm • .
h~rrun~ier. [.esste shall Lav~ the ri[ht at an~ time to remove ~II mRCbinery ~d
~turt~el~ ~~t ~ w~r•m~r~(th„to d+~~aod remo~e ntin~No
w e11 shall he drilled nearer tlua 200 feat to ths bouw or barn oow oa said ~o~~~ D~f ~~[M hu+ed ib
operatiom to powias aYCp ud tl~bar oa pId Lnd.
~~RK195 ~~~~E2402
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